Category: British monetary policy

May 16

Sir Mervyn King as Governor of the Bank of England – Marks out of 10

As Sir Mervyn King enters his final days as Governor of the Bank of England, the time is right to assess his overall record over the past 10 years. 1. Monetary policy before the credit crunch. The initial phase of his tenure, between 2003 and 2007, appeared at the time to be a period of …

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Permanent link to this article: http://www.goldenguinea.com/sir-mervyn-king-as-governor-of-the-bank-of-england-marks-out-of-10/

Feb 23

QE and the Downgrade of Britain’s Sovereign Debt

The news that Britain’s sovereign debt has been downgraded comes as no surprise to those of us who have followed the Bank of England’s monetary policies over recent years with growing bewilderment. The job of a Central Bank is to maintain monetary stability. It is not to print money. It is not to manipulate the …

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Permanent link to this article: http://www.goldenguinea.com/qe-and-the-downgrade-of-britains-sovereign-debt/

Oct 27

Sir Mervyn turns Austrian

The aim of commentary on this site is to provide a longer term, more balanced perspective on economic developments than is sometimes offered by the 24/7 rolling news cycle, where today’s lurid headlines of impending disaster often metamorphose into tomorrow’s fish and chip paper.  But while headline news often proves to be of no lasting consequence, sometimes a piece of news barely …

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Permanent link to this article: http://www.goldenguinea.com/sir-mervyn-turns-austrian/